AIA: "Softness persists at architecture firms" in August

Calculated Risk

09/24

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment including multi-family residential. From the AIA: ABI August 2025: Softness persists at architecture ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAIA: \"Softness persists at architecture firms\" in August\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Calculated Risk</strong><span class=\"h-time small\">2025-09-24 16:50</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment including multi-family residential.\n\nFrom the AIA: ABI August 2025: Softness persists at architecture ...</p>\n\n<a href=\"https://www.calculatedriskblog.com/2025/09/aia-softness-persists-at-architecture.html\">網頁鏈接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.calculatedriskblog.com/2025/09/aia-softness-persists-at-architecture.html\">Calculated Risk</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4087","symbol_name":"商業印刷","start_time":0,"source_url":"https://www.calculatedriskblog.com/2025/09/aia-softness-persists-at-architecture.html","article_id":"2570033815","we_media_id":null,"thumbnails":[],"rights":{"source":"calculatedriskblog_highlight","url":"https://www.calculatedriskblog.com/2025/09/aia-softness-persists-at-architecture.html","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2570033815","pubTimestamp":1758703800,"columns":[],"sourceInfo":{"source_id":"calculatedriskblog_highlight","name":"Calculated Risk"},"weMediaInfo":null,"summary":"From the AIA: ABI August 2025: Softness persists at architecture firmsThe AIA/Deltek Architecture Billings Index  score was 47.2 for the month of August 2025. The share of firms reporting declining billings in August fell modestly from July, but overall, most firms continue to report a downward trajectory. In addition, inquiries softened in August and were essentially flat, after small increases over the previous three months. In addition, the value of new design contracts declined for the 18th consecutive month, the longest period of decline since we started collecting this data 15 years ago. This year has seen generally soft inquiries into new projects and a steady decrease in the value of newly signed design contracts, as clients remain cautious about committing to new projects. Without new work on the horizon, many firms will likely continue to experience declining billings in the coming months.","collect":0,"end_time":0,"defaultTopTitle":"calculatedriskblog.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4087":"商业印刷","AIA":"iShares S&P Asia 50 Index Fund","ABI":"VictoryShares Pioneer Asset-Based Income ETF","CRE":"Cre8 Enterprise, Ltd."},"translate_title":"友邦保险：八月份“建筑公司持续疲软”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABI":1,"AIA":1.5,"CRE":1},"content_text":"Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment including multi-family residential.\n\nFrom the AIA: ABI August 2025: Softness persists at architecture firmsThe AIA/Deltek Architecture Billings Index (ABI) score was 47.2 for the month of August 2025. The share of firms reporting declining billings in August fell modestly from July, but overall, most firms continue to report a downward trajectory. In addition, inquiries softened in August and were essentially flat, after small increases over the previous three months. In addition, the value of new design contracts declined for the 18th consecutive month, the longest period of decline since we started collecting this data 15 years ago. This year has seen generally soft inquiries into new projects and a steady decrease in the value of newly signed design contracts, as clients remain cautious about committing to new projects. Without new work on the horizon, many firms will likely continue to experience declining billings in the coming months.\n\nWhile business conditions remained soft at firms in most regions of the country in August, firms located in the South reported essentially flat conditions for the fourth consecutive month. In contrast, firms located in the West saw their billings soften this month, as they reported their weakest conditions in nearly two years. By specialization, firms with a commercial/industrial specialization reported modest growth in August for the first time in three years. And firms with a multifamily residential specialization have also seen improving conditions in the last few months and saw essentially flat billings this month. In contrast, business conditions have softened recently at firms with an institutional specialization to their lowest levels since 2020. Uncertainty with government budgets in recent months continues to cause uncertainty for many firms specializing in institutional facilities.\n...\nThe ABI serves as a leading economic indicator that leads nonresidential construction activity by approximately 9-12 months. \nemphasis added• Northeast (46.2); Midwest (48.0); South (49.9); West (43.5)\n\n• Sector index breakdown: commercial/industrial (50.8); institutional (44.5); multifamily residential (49.9)\n\n Click on graph for larger image.\n\nThis graph shows the Architecture Billings Index since 1996. The index was at 47.2 in August, up from 46.2 in July.  Anything below 50 indicates a decrease in demand for architects' services.This index has indicated contraction for 33 of the last 35 months.\n\nNote: This includes commercial and industrial facilities like hotels and office buildings, multi-family residential, as well as schools, hospitals and other institutions.\nThis index usually leads CRE investment by 9 to 12 months, so this index suggests a slowdown in CRE investment throughout 2025 and into 2026.Multi-family billings have been below 50 for 37 consecutive months.  This suggests we will some further weakness in multi-family starts.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}